Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.1
Leases (Tables)
3 Months Ended
Mar. 31, 2022
Lessee Disclosure [Abstract]  
Summary of lease cost

The lease costs for the three months ended March 31, 2022 and 2021 were as follows:

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Lease costs:

 

 

 

 

 

 

Operating lease cost

 

$

6,327

 

 

$

6,096

 

Finance lease costs:

 

 

 

 

 

 

Amortization of leased assets

 

 

9

 

 

 

43

 

Interest on lease liabilities

 

 

 

 

 

1

 

Short term lease costs:

 

 

 

 

 

 

Operating lease cost

 

 

196

 

 

 

120

 

Finance lease costs:

 

 

 

 

 

 

Amortization of leased assets

 

 

2

 

 

 

2

 

Interest on lease liabilities

 

 

 

 

 

 

Sublease income

 

 

(91

)

 

 

(61

)

Lease cost – net

 

$

6,443

 

 

$

6,201

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

6,385

 

 

$

6,367

 

Operating cash flows from finance leases

 

 

12

 

 

 

48

 

Non-cash related activities

 

 

 

 

 

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

15,920

 

 

 

116

 

Right-of-use assets obtained in exchange for new finance lease liabilities

 

 

 

 

 

 

Weighted average discount rate (percent)

 

 

 

 

 

 

Operating leases

 

 

3.99

%

 

 

3.73

%

Finance leases

 

 

3.18

%

 

 

3.07

%

Weighted average remaining lease term (years)

 

 

 

 

 

 

Operating leases

 

 

6.5

 

 

 

6.1

 

Finance leases

 

 

2.6

 

 

 

2.2

 

Summary of Supplemental balance sheet information related to Lease right-of-use assets

Supplemental balance sheet information related to Lease right-of-use assets:

 

 

March 31, 2022

 

 

December 31, 2021

 

Right-of-use assets – operating leases – net

 

$

99,603

 

 

$

84,778

 

Right-of-use assets – finance leases – net

 

 

85

 

 

 

96

 

Total lease right-of-use assets – net

 

$

99,688

 

 

$

84,874

 

 

Summary of Supplemental balance sheet information related to lease liabilities

Supplemental balance sheet information related to lease liabilities:

 

 

March 31, 2022

 

 

December 31, 2021

 

Current lease liabilities

 

 

 

 

 

 

Operating

 

$

18,277

 

 

$

18,783

 

Finance

 

 

34

 

 

 

39

 

Non-current lease liabilities

 

 

 

 

 

 

Operating

 

 

91,880

 

 

 

74,386

 

Finance

 

 

51

 

 

 

57

 

Total lease liabilities

 

$

110,242

 

 

$

93,265

 

Summary of estimated future minimum payments of operating and financing leases

The estimated future minimum payments of operating and financing leases as of March 31, 2022:

 

 

Finance Leases

 

 

Operating Leases

 

The remainder of 2022

 

$

29

 

 

$

15,699

 

 2023

 

 

37

 

 

 

22,045

 

 2024

 

 

18

 

 

 

19,216

 

 2025

 

 

4

 

 

 

16,379

 

 2026

 

 

 

 

 

14,785

 

Thereafter

 

 

 

 

 

38,677

 

Total undiscounted future lease payments

 

$

88

 

 

$

126,801

 

Less imputed interest

 

 

(3

)

 

 

(16,644

)

Present value lease liabilities

 

$

85

 

 

$

110,157